Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving an equivalent of over $215 million from Nigeria to Kenya between October and November 2020. Powerful Kenyan Politician Assists the Alleged Money Launderers The …
Monthly archives: May 2022
ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51%
The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review. ETH Inflation Rate Drops to 0.51% Ethereum’s revenues …
Passive Income Cyborgs: Battle Borgz Publicly Launches on KICK․IO
press release PRESS RELEASE. NFTs are not a temporary trend. NFTs are here to stay. Although analysts are still in the process of realizing the full potential that the technology behind ‘Non-fungible tokens’ offers, much is already clear. Beyond being used to certify the authenticity of artwork, the applicability of NFT technology extends to many …
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Analyst Who Accurately Called Massive Bitcoin Crash Has Bad News for Crypto Traders – Here’s His New Target
Seasoned market analyst Peter Brandt is warning Bitcoin traders and investors alike, saying that BTC is poised for a sharp corrective move. Brandt tells his 636,800 Twitter followers that Bitcoin has broken down from crucial diagonal support that has kept BTC afloat for the first few months of 2022. “The completion of a bear channel …
Bitcoin ATM installation slowdown continues for 4th month in 2022
April 2022 marked the fourth consecutive month of a slowdown in the installation of Bitcoin (BTC) ATMs, ever since the slowdown began at the start of the year. BTC ATMs serve a crucial purpose for the Bitcoin economy, helping users physically retrieve or deposit BTC holdings against the corresponding cash reserves. Net change of cryptocurrency …
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Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week with much to make up for after its worst April performance ever. The monthly close placed BTC/USD firmly within its established 2022 trading range, and fears are already that $30,000 or even lower is next. That said, sentiment has improved as May begins, and while crypto broadly remains tied …
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
The burning rate of Ethereum has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.” Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), sold 55,000 virtual land nonfungible tokens (NFTs) dubbed “Otherdeeds” on Sunday. The overwhelming demand …
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Solana suffers 7th outage in 2022 as bots invade the network
The Solana (SOL) network suffered a seven-hour outage overnight between April 30 and May 1 due to a large number of transactions from nonfungible token (NFT) minting bots. A record-breaking 4 million transactions, or 100 gigabits of data per second, congested the network causing validators to be knocked out of consensus resulting in Solana going …
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Buffett back bashing Bitcoin, claims it ‘doesn’t produce anything’
Billionaire investor Warren Buffett has once again slammed Bitcoin, asserting he “wouldn’t take” all of the BTC in the world for just $25. The 91-year-old, with a net worth of around $124 billion, is an avid crypto skeptic that once called Bitcoin “rat poison squared.” His arguments often stem around digital assets offering no tangible …
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Wikimedia Foundation shutters BitPay account halting crypto donations
The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community feedback. The decision to end crypto donations was made after 232 members, or 71% of the Wikimedia Foundation (WMF) community voted in favor of a Jan. 10 proposal that cited energy …
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Samsung Group Investment Arm to List Blockchain ETF on Hong Kong Exchange
Samsung Group’s investment arm is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange during the first half of this year. The ETF will have a structure which is similar to that of BLOK, one of Amplify Holdings’s ETF products. Samsung Asset Management’s Stake in Amplify Holdings Samsung Asset Management …
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Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem
Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it is “not a bad idea.” Twitter recently accepted Musk’s buyout offer. Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea Tesla CEO Elon Musk has …
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Warren Buffett Won’t Pay $25 for All Bitcoin in the World — Charlie Munger Calls BTC ‘Stupid and Evil’
Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked …
Lack of transparency among project auditors a big problem: Hacken CEO
Smart contract auditing firm Hacken CEO Dyma Budorin thinks Web3 cybersecurity providers are failing the crypto industry and that “huge blind spots” in market practices are impacting investor behavior. Budorin believes a lack of accountability and transparency in the audits many providers perform falls short of reassuring users and projects. Currently, smart contract auditors take …
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This Low-Cap DEX Altcoin Balloons 47% In The Face Of Crypto Market Stagnation
And everybody was saying keep an eye on this specific Altcoin and yes — Sifchain – and they were right. Sifchain (EROWAN), a low-cap DeFi altcoin, skyrockets by 47% in the wake of the staleness in the general crypto markets. EROWAN has bounced from a low $0.114 on April 23 and is currently at $0.168. …
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